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sweet-ann [11.9K]
2 years ago
5

Matty Kaminsky owns a new Volvo. His June monthly interest is $400. The rate is 8 ½%. Matty's principal balance at the beginning

of June is (use 360 days):
Business
1 answer:
Nesterboy [21]2 years ago
5 0

Answer:

$56,470.59

Explanation:

We need to calculate the principal amount  at the beginning of June

Data:

Interest (I) = $400

Rate(r) = 8.5%

Time(t) = 360 days

Solution:

We can calculate the principal amount by rearranging the Interest calculation formula

Formula: I = Prt

Note; Where P in the formula is the principal amount

Now rearrange the formula in order to find principal

P = I/rt

P = $400/(0.085)x(30/360)

P = $400/(0.085)x(0.08333333333333)

P = $400/(0.00708333333333

P = $56,470.59

Note: we only need to find the principal balance of June so we will consider only 30 days of June out of 360 days.

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Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
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Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

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2 years ago
All of the following are resources of an organization EXCEPT ______.
Ksivusya [100]

Answer:

The correct answer is letter "C": weak competitors in the industry.

Explanation:

Organizational resources are all those assets a company has that allows the firm to maintain or improve its production process. Organizations can have <em>human, capital, monetary, </em>and <em>raw materials resources</em>. After properly combined, the firm's resources created final goods.

In that case, competitors do not represent assets firms can use in their production process.

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Suppose you are considering renting an apartment.​ You, the​ renter, can be viewed as an agent while the company that owns the a
Ipatiy [6.2K]

Answer:

Kaynaddi here is the answer of your question

The agent is not the owner of the apartment so he will not take care of the apartment, because he isn't supposed to pay the cost of fixing damages in the apartment. To mitigate this risk renter can be asked to pay a deposit which can be adjusted for any damages done in the apartment.

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2 years ago
In what areas is Leslie's underspending<br> hurting her budget?
Jlenok [28]

Leslie's budget is hurting in the areas of transportation, groceries, phone and dining out.                                                                                                                                                    

<u>Explanation:</u>

For transportation, cash is required for every day. So Leslie is spending more on transportation every month. Forgoing back and forth out anyplace she will burn through cash on transportation.  

She is likewise spending cash on goods. Staple goods will be an essential one for living these days. So the financial backing is harming here.  

She is spending another hand on the telephone and eating out. For the telephone, she will energize each month. She will feast out with companions each day.

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2 years ago
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Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
saw5 [17]

Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

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                Loss on Bonds                  $3,000

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                 (To record retirement the bonds at 101 on November 1, 2019)

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